The preliminary information presented in this document is for informational purposes only and should not be relied upon as the basis for an investment decision. This document does not constitute individual investment advice and does not purport to summarize all of the conditions, risks and other attributes of an investment in the Property. This document is not an offer to sell, or a solicitation of on offer to buy, any security. The delivery of this presentation does not imply that the information herein is correct as of any dote subsequent to the dote hereof. In making an investment decision, prospective investors should conduct their own investigation and analysis of the data and descriptions set forth in this document and must rely on their own examination of the investment opportunity, including the merits and risks involved. An investment in the Property is suitable only as an investment for, and will be offered only to, persons who have, directly or through qualified representatives, the ability to evaluate the merits and risks of an investment in the interests and the ability to assume the economic risks involved in such investment. Although the information contained herein has been provided by Extell Development Company and believed to be reliable, DB does not (i) make or have made any representations with respect to the accuracy or completeness, or otherwise, regarding the contents hereof, (ii) bear any responsibility to update any of the information contained herein or (iii) take any responsibility for the contents hereof. DB does not provide legal, tax or accounting advice. This document was prepared solely in connection with the promotion or marketing, to the extent permitted by applicable law, of the transaction or matter addressed herein, and was not intended or written to be used, and cannot be used or relied upon, by any taxpayer for purposes of avoiding any U.S. federal tax penalties. The recipient of this communication should seek